11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 2 Mark Questions with Solution Part - II | QB365

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11th Standard English Medium Accountancy Subject Rectification of Errors Book Back 2 Mark Questions with Solution Part - II

Published on: 08/06/2021

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Std: 11th Standard - Accountancy

chapter: - Book back Questions

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Questions:

Generic 2

5 x 2 = 10

The following errors were located after the preparation of trial balance. Pass journal entries to rectify them. Assume that there exists a suspense account.
(a) The total of sales book was undercast by Rs.350.
(b) The total of the discount column on the debit side of cash book Rs.420 was not posted.
(c) The total of one page of the purchases book of Rs.5,353 was carried forward to the next page as Rs.5,533.
(d) Salaries Rs.2,400 was posted as Rs.24,000.
(e) Purchase of goods from Sembiyanmadevi on credit for Rs.180 was posted to her account as Rs.1,800

Give journal entries to rectify the following errors discovered after the preparation of trial balance:
(a) Purchases book was overcast by Rs.10,000.
(b) Repairs to furniture of Rs.500 was debited to furniture account.
(c) A credit sale of goods to Akilnilavan for Rs.456 was credited to his account as Rs.654.

Rectify the following errors after preparation of trial balance:
(a) Salary paid to Ram Rs.1,000 was wrongly debited to his personal account.
(b) A credit sale of goods to Balu for Rs.450 was debited to Balan.

Rectify the following errors before preparing trial balance:
(a) The total of purchases book was carried forward Rs.90 less.
(b) The total of purchases book was carried forward Rs.180 more.
(c) The total of sales book was carried forward Rs.270 less.
(d) The total of sales returns book was carried forward Rs.360 more.
(e) The total of purchase returns book was carried forward Rs.450 less.

Rectify the following errors before the preparation of trial balance:
(a) Returns outward book was undercast by Rs.2,000
(b) Returns inward book total was taken as Rs.15,000 instead of Rs.14,000
(c) The total of the purchases account was carried forward Rs.100 less

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Answers Key:

Generic 2

5 x 2 = 10

Journal Entries
S.No.	Particulars		Debit Rs	Credit Rs
(a)	Suspense A/c	Dr.	350
	To Sales A/c			350
	(Being the undercasting of sales book, now rectified)
(b)	Discount allowed A/c	Dr.	420
	To Suspenses A/c			420
	(Being total of the discount column on the debit side, now rectified)
(c)	Purchases A/c	Dr.	180
	To Suspense A/c			180
	(Being the total one page of the Purchase book 5,353 was carried forward to the next page as 5,533 now rectified)
(d)	Suspense A/c	Dr.	21,600
	To Salaries A/c			21,600
	(Being the excess amount posted to the salaries account rectified)
(e)	Sernbiyanmadevi A/c	Dr.	1,620
	To Suspense A/c			1,620
	(Being the excess amount posted to Sembiyanmadevi account rectified)

Rectification of Errors S.No. Particulars L.F. Debit Rs Credit Rs (a) Suspense A/c Dr. 10,000 To Purchases A/c 10,000 (Excess overcast in Purchases book now rectified) (b) Furntiure repairs A/c Dr. 500 To Furntiure A/c 500 (Being correcting of wrong debit to furniture account for repairs made) (c) Suspense A/c Dr. 1,110 To Akilnilavan A/c 1,110 (Being credit sale to Akilnilavan was credited to his account as Rs 654 now rectified)

Rectification of Errors
S.No.	Particulars		Debit Rs	Credit Rs
(a)	Salary A/c	Dr.	1,000
	To Ram A/c			1,000
	(Being salary paid to Ram wrongly debited to his Personal account, now rectified)
(b)	Balu A/c	Dr.	450
	To Balan A/c			450
	(Being the credit sale of goods to Balu for Rs 450 was debited to Balan, now rectified)

Journal Entries
S.No.	Particulars		Debit Rs	Credit Rs
(a)	Purchases A/c	Dr.	90
	To Suspense A/c			90
	(Being total of purchase book's balance was carried forward in Rs 90 less now rectified)
(b)	Suspense A/c	Dr.	180
	To Purchases A/c			180
	(Being total of purchase book's balance was carried forward in Rs 180 more now rectified)
(c)	Suspense A/c	Dr.	270
	To Sales A/c			270
	(Being total of sales book was carried forward in less by Rs 270,now rectified)
(d)	Suspense A/c	Dr.	360
	To Sales return A/c			360
	(Being total of sales return book's was carried forward in excess by Rs 360,now rectified)
(e)	Suspense A/c	Dr.	450
	To Purchases Return A/c			450
	(Being total of purchase returns book was carried forward in Rs 450 less)

Rectification of Errors
S.No.	Particulars		Debit Rs	Crdit Rs
(a)	Suspense A/c	Dr.	2,000
	To Return outwards A/c			2,000
	(Being Sales books was short by Rs 400, now rectified)
(b)	Returns inward A/c	Dr.	1,000
	To Suspense A/c			1,000
	(Being the error in, carrying forward of returns book, now rectified)
(c)	Purchases A/c	Dr.	100
	To Suspense A/c			100
	(Being purchases book was carried forward in excess by Rs 100, now rectified)